The Corporate Transparency Act: What Every Business Needs to Know
15th January 2024 • Blackletter • Thomas Dunlap
00:00:00 00:04:07

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In this episode of the Blackletter Podcast, host Tom Dunlap delves into the intricacies of the Corporate Transparency Act (CTA), a groundbreaking law enacted by the U.S. Department's Treasury Financial Crimes and Enforcement Network (FinCEN). Discover why the CTA is a game-changer for companies of all sizes, from small startups to large corporations, as it mandates the disclosure of detailed information about beneficial owners. Tom breaks down the criteria for reporting companies and the exemptions available, shedding light on how this legislation impacts businesses formed under U.S. law, both domestic and foreign. Learn about the reporting requirements, key deadlines, and the comprehensive information that must be submitted to FinCEN. Whether you're a business owner, lawyer, or accountant, this episode is a must-listen to ensure compliance with the CTA and stay ahead of the regulatory curve. Share this valuable information with fellow entrepreneurs, and start your week informed and prepared.

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